Servicers get Washington grilling (at CNNMoney.com)

A House committee probes just how much lenders and loan servicers are doing to keep troubled borrowers in their homes. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By Les Christie, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- A key House committee was set to grill home lenders and housing advocates on Friday about mortgage industry efforts to work out affordable loans for troubled homeowners. The House Financial Services Committee plans to hear from Michael Gross, who is Bank of America's managing director for loss mitigation, mortgage, home equity and insurance services, Mary Coffin, Wells Fargo Home Mortgage's executive vice-president, as well as Faith Schwartz, the executive director of Hope Now, an industry alliance of lenders, loan servicers and housing counselors. The... [read full story]